Fitch Ratings has affirmed Sri Lanka-based power generator WindForce PLC’s National Long-Term Rating at ‘A+'(lka). The Outlook is Stable. WindForce’s rating reflects its growing scale as a prominent renewable power generator in Sri Lanka and several regional markets, its resource diversity and contractual cashflows via long-term power purchase agreements (PPAs). WindForce’s rating is constrained by…
Reuters – Shares in HSBC rose as much as 3% to a new record high on Tuesday, briefly lifting the bank’s market value above $300 billion and putting it neck-and-neck with AstraZeneca for the top spot in London’s FTSE 100 index. By 1050 GMT, HSBC shares rose 2.8% to 12.77 pounds, bringing gains so far this year…
Reinforcing its position as Sri Lanka’s largest lender to small and medium enterprises (SMEs), the Commercial Bank of Ceylon has partnered with the International Finance Corporation (IFC), a member of the World Bank Group, to significantly expand the Bank’s capacity to lend SMEs nationwide. Under this partnership, IFC will provide risk cover for a US$60…
The European Union is India’s largest trading partner, and the free trade deal, dubbed as the “mother of all trade deals” by the EU chief herself, is expected to expand bilateral trade and investment, particularly in sectors affected by Trump tariffs. India and the European Union (EU) have concluded negotiations for a proposed free trade…
The Sri Lanka Association for Software and Services Companies (SLASSCOM) is accelerating Sri Lanka’s startup ecosystem by giving 25 high-potential local startups unprecedented global exposure through a fully funded, six-week international residential entrepreneurship programme at IIT Madras Pravartak, India. Supported by the High Commission of India in Sri Lanka and delivered in partnership with one…
Sri Lanka is set to make a remarkable presence at Gulfood 2026, one of the world’s largest and most prestigious food and beverage exhibitions, organized by the Sri Lanka Export Development Board (SLEDB). With its participation, the island nation aims to showcase its rich food ingredients, premium-quality products, and dynamic export potential on a truly…
Over 500 exclusive Marriott Bonvoy Moments launching, including the ultimate experience with the Marriott Bonvoy Golden Ticket. Marriott Bonvoy, Marriott International’s award-winning travel platform, is bringing members closer to the game of cricket starting this February, giving them access to exclusive experiences for the upcoming ICC Men’s T20 World Cup 2026. As part of Marriott…
(Reuters) – President Donald Trump said on Monday he was increasing tariffs on South Korean imports into the U.S. related to autos, lumber and pharmaceuticals to 25%, while criticizing the ally’s legislature for failing to enact a trade deal with Washington. “South Korea’s Legislature is not living up to its Deal with the United States,”…
(Reuters) – Sri Lanka’s central bank is expected to maintain its key interest rate at 7.75% on Wednesday, a Reuters poll found, as an International Monetary Fund delegation reviews the sixth tranche of a crucial $2.9 billion package. The poll of a dozen economists unanimously forecast no change to the benchmark overnight policy rate, citing…
Sri Lanka’s exports of apparel and made-up textile articles (HS Chapters 61, 62 and 63) rose to US$447.21 million in December 2025, up 5.43% from US$424.18 million in December 2024, according to industry export statistics. Growth was recorded across the three main destination markets. Exports to the USA increased 6.49% year-on-year to US$178.29 million (from…
Video Story
